On April 16th, 2019, the State Bank of Vietnam (SBV) issued Document No. 2717/NHNN-TTGSNH approving the increase of the charter capital of An Binh Commercial Joint Stock Bank (ABBank).
Accordingly, the SBV Governor approved the increase of the Bank’s charter capital from VND 5,319,496,290,000 (Five thousand three hundred and nineteen billion, four hundred and ninety six million, two hundred and ninety thousand Vietnamese dongs) to VND 5,713,139,010,000 (Five thousand seven hundred and thirteen billion, one hundred and thirty nine million, ten thousand Vietnamese dongs) under a plan to increase the charter capital, which has been approved by the General Shareholders’ Meeting of ABBank as stipulated in the Resolution dated November 30th, 2018 and approved by the Board of Directors of ABBank in Resolution No. 16/NQ-HĐQT.19 dated April 03rd, 2019.
ABBank is responsible for carrying out the charter capital increase in compliance with the applicable laws; within a maximum of 10 working days from the date of completion of the issuance of shares in accordance with law, ABBank must implement the procedures for amendment and supplementation of the Operation License as stipulated in Paragraph 4, Article 11 of Circular No. 50/2018/TT-NHNN dated December 31st, 2018 stipulating the dossiers, sequences and procedures for requesting approval of a number of revised substances by commercial banks, foreign bank branches.
The Document shall be valid within 12 months from the date of signing.
VA